Liberty Broadband Corporation (NASDAQ:LBRDK) Shares Sold by Deutsche Bank AG

Key Points

• Deutsche Bank AG has reduced its holdings in Liberty Broadband Corporation by 27.8%, now owning 2,209,088 shares valued at approximately $187.9 million after selling 851,055 shares in the first quarter.
• Various hedge funds have adjusted their positions in Liberty Broadband, with notable increases including a 17.9% rise by Hi Line Capital Management LLC.
• The company's stock is currently priced at $58.30, with a market cap of $8.36 billion and an earnings per share (EPS) projection of 7.71 for the current fiscal year.

Deutsche Bank AG decreased its stake in shares of Liberty Broadband Corporation (NASDAQ:LBRDK - Free Report) by 27.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,209,088 shares of the company's stock after selling 851,055 shares during the quarter. Deutsche Bank AG owned approximately 1.54% of Liberty Broadband worth $187,883,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. Vestor Capital LLC purchased a new position in shares of Liberty Broadband in the 1st quarter worth approximately $44,000. Continuum Advisory LLC purchased a new position in shares of Liberty Broadband in the 1st quarter worth approximately $58,000. Quarry LP grew its position in shares of Liberty Broadband by 131.6% in the 4th quarter. Quarry LP now owns 836 shares of the company's stock worth $62,000 after buying an additional 475 shares during the last quarter. Versant Capital Management Inc grew its position in Liberty Broadband by 171.6% during the 1st quarter. Versant Capital Management Inc now owns 1,657 shares of the company's stock worth $141,000 after purchasing an additional 1,047 shares during the last quarter. Finally, CWM LLC grew its position in Liberty Broadband by 6.4% during the 1st quarter. CWM LLC now owns 2,309 shares of the company's stock worth $196,000 after purchasing an additional 138 shares during the last quarter. Hedge funds and other institutional investors own 80.22% of the company's stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of Liberty Broadband to a "hold" rating in a research note on Saturday, July 12th.

Liberty Broadband Trading Up 2.4%

LBRDK stock traded up $1.47 during mid-day trading on Wednesday, hitting $61.39. 471,009 shares of the company were exchanged, compared to its average volume of 1,239,766. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $8.80 billion, a P/E ratio of 8.09 and a beta of 0.96. The business has a fifty day simple moving average of $85.34 and a 200-day simple moving average of $84.90. Liberty Broadband Corporation has a 12-month low of $57.91 and a 12-month high of $104.00.

Liberty Broadband Profile

Liberty Broadband Corporation engages in the communications businesses. The company's GCI Holdings segment provides data, wireless, video, voice, and managed services to residential customers, businesses, governmental entities, educational, and medical institutions in Alaska under the GCI brand.